ETF Assets First Exceed 5 Trillion Yuan, with 4 Asset Managers Holding Half the Market

Since the first ETF was established in 2004, it took 16 years for ETF assets to first exceed 1 trillion yuan. However, as ETFs entered a phase of rapid development in recent years, the growth of such products has accelerated significantly. After breaking the 1 trillion yuan mark, ETF assets successively surpassed 2 trillion, 3 trillion, and 4 trillion yuan in less than five years, and on August 25, they exceeded 5 trillion yuan for the first time. Previously, ETF assets first exceeded 4 trillion yuan in April. In other words, it took only four months to grow from 4 trillion to 5 trillion yuan. Wind data shows that as of August 25, ETF assets首次突破5 trillion yuan.

On August 26, the latest data released by the Asset Management Association of China (AMAC) showed that as of the end of July, the scale of public funds exceeded 35 trillion yuan, hitting a new record. Amid the overall thriving momentum of the industry, the rapid development of ETFs has become inevitable. However, due to the Matthew Effect, the top four fund managers in terms of ETF management scale already account for half of the market share. Industry insiders believe that after ETF assets exceed 5 trillion yuan, the advantage of leading fund companies may become more pronounced.

Among them, equity ETFs account for 3.46 trillion yuan, representing 68.15% of the total. Cross-border ETFs and bond ETFs follow, with scales of 754.168 billion yuan and 555.903 billion yuan, accounting for 14.87% and 10.96%, respectively. Additionally, commodity ETFs,货币ETFs, and other ETFs occupy smaller proportions.

Over the past month, the ETF with the largest share increase is Huabao CSI Full Index Securities Company ETF, with an increase of 26.414 billion shares. Data shows that as of August 25, the fund's scale reached 31.093 billion yuan, an increase of over 7.4 billion yuan since the beginning of the year. Huabao Fund also issued a celebratory announcement after the fund's scale exceeded 30 billion yuan, hailing it as a "tool for capturing bull markets and a top performer in the A-share market."

此外, the Fullgoal CSI Hong Kong Stock Connect Internet ETF also saw an increase of over 10 billion shares in the past month, with a growth of 13.848 billion shares. Its latest scale reached 75.355 billion yuan, an increase of over 53 billion yuan since the beginning of the year.

In terms of year-to-date gains of on-exchange funds, Wind data shows that as of the close on August 26, seven ETFs have gained over 100% year-to-date. They are: China Universal国证港股通创新药ETF, Wanjia CSI Hong Kong Innovation药ETF, Huatai-PineBridge恒生创新药ETF, Yinhua国证港股通创新药ETF, GF中证香港创新药ETF, Invesco Great Wall中证港股通创新药ETF, and Fullgoal恒生港股通医疗保健ETF, with gains of 109.05%, 108.76%, 108.43%, 107.54%, 107.03%, 104.89%, and 101.11%, respectively.

It is worth noting that, as of now, the top 17 on-exchange funds by year-to-date gains are all cross-border ETFs, including the aforementioned Hong Kong innovation药ETFs, as well as Hong Kong Stock Connect